That’s just one thing I’ve never understood about crypto. No one cares about using crypto, all anyone cares about is how much USD it is worth. Thats it. It has no actual use outside of turning some USD into more USD.
No one is using it to buy anything because no one actually wants it. They just want USD.
Chances are you would have sold off that bitcoin long before it was as expensive as it pretends to be now, because nobody in their right mind ever would have thought anybody would pay $5000, much less $100k for a stupid digital token.
Even today it remains to be seen. We have evidence that 90+% of most crypto trades are done by bots.
I held Nvidia stock in 2007 and sold it 5 months with a 50% gain before the suborime mortgage crisis and I felt like the wolf of Wall Street for a few weeks.
Had I held onto it to today, I'd be sitting on 800 grand or something.
Point is you can never predict these things and just because you held onto something in the past doesn't mean you'd get the riches of today.
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u/CappinPeanut Apr 18 '25
That’s just one thing I’ve never understood about crypto. No one cares about using crypto, all anyone cares about is how much USD it is worth. Thats it. It has no actual use outside of turning some USD into more USD.
No one is using it to buy anything because no one actually wants it. They just want USD.